| Project debt |
The variations in 2023 of project debt have been the following:
|
|
|
Project debt -
long term
|
|
|
Project debt -
short term
|
|
|
Total
|
|
|
Balance as of December 31, 2022
|
|
|
4,226,518
|
|
|
|
326,534
|
|
|
|
4,553,052
|
|
|
Nominal increase
|
|
|
213,232
|
|
|
|
-
|
|
|
|
213,232
|
|
|
Nominal repayment
|
|
|
(4,768
|
)
|
|
|
(513,576
|
)
|
|
|
(518,344
|
)
|
|
Interest payment
|
|
|
-
|
|
|
|
(227,145
|
)
|
|
|
(227,145
|
)
|
|
Total cash changes
|
|
|
208,464
|
|
|
|
(740,721
|
)
|
|
|
(532,257
|
)
|
|
Interest accrued
|
|
|
-
|
|
|
|
227,418
|
|
|
|
227,418
|
|
|
Currency translation differences
|
|
|
28,808
|
|
|
|
7,150
|
|
|
|
35,958
|
|
|
Other non-cash changes
|
|
|
35,024
|
|
|
|
65
|
|
|
|
35,089
|
|
|
Reclassifications
|
|
|
(566,941
|
)
|
|
|
566,941
|
|
|
|
-
|
|
|
Total non-cash changes
|
|
|
(503,109
|
)
|
|
|
801,574
|
|
|
|
298,465
|
|
|
Balance as of December 31, 2023
|
|
|
3,931,873
|
|
|
|
387,387
|
|
|
|
4,319,260
|
|
The variations in 2022 of project debt were the following:
|
|
|
Project debt -
long term
|
|
|
Project debt -
short term
|
|
|
Total
|
|
|
Balance as of December 31, 2021
|
|
|
4,387,674
|
|
|
|
648,519
|
|
|
|
5,036,193
|
|
|
Nominal repayment
|
|
|
(73,478
|
)
|
|
|
(310,629
|
)
|
|
|
(384,107
|
)
|
|
Interest payment
|
|
|
-
|
|
|
|
(232,855
|
)
|
|
|
(232,855
|
)
|
|
Total cash changes
|
|
|
(73,478
|
)
|
|
|
(543,484
|
)
|
|
|
(616,962
|
)
|
|
Interest accrued
|
|
|
-
|
|
|
|
230,237
|
|
|
|
230,237
|
|
|
Business combination (Note 5)
|
|
|
1,301
|
|
|
|
148
|
|
|
|
1,449
|
|
|
Currency translation differences
|
|
|
(119,068
|
)
|
|
|
(18,040
|
)
|
|
|
(137,108
|
)
|
|
Other non-cash changes
|
|
|
39,161
|
|
|
|
82
|
|
|
|
39,243
|
|
|
Reclassifications
|
|
|
(9,072
|
)
|
|
|
9,072
|
|
|
|
-
|
|
|
Total non-cash changes
|
|
|
(87,678
|
)
|
|
|
221,499
|
|
|
|
133,821
|
|
|
Balance as of December 31, 2022
|
|
|
4,226,518
|
|
|
|
326,534
|
|
|
|
4,553,052
|
|
|
| Repayment schedule for project debt |
The repayment schedule for project debt in accordance with the financing arrangements as of December 31, 2023, and assuming there would be
no acceleration at the Chile PV 1 and Chile PV 2 debts as of December 31, 2023, is as follows and is consistent with the projected cash flows of the related projects:
|
2024
|
|
|
2025
|
|
|
2026
|
|
|
2027
|
|
|
2028
|
|
|
Subsequent years
|
|
|
Total
|
|
|
Interest
payment
|
|
|
Nominal
repayment
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
15,215
|
|
|
|
305,087
|
|
|
|
325,303
|
|
|
|
352,495
|
|
|
|
499,968
|
|
|
|
464,648
|
|
|
|
2,356,544
|
|
|
|
4,319,260
|
|
The repayment schedule for project debt in accordance with the financing arrangements was as follows and was consistent with the projected
cash flows of the related projects:
|
2023
|
|
|
2024
|
|
|
2025
|
|
|
2026
|
|
|
2027
|
|
|
Subsequent years
|
|
|
Total
|
|
|
Interest
payment
|
|
|
Nominal
repayment
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
15,053
|
|
|
|
311,481
|
|
|
|
323,731
|
|
|
|
442,920
|
|
|
|
358,444
|
|
|
|
504,954
|
|
|
|
2,596,469
|
|
|
|
4,553,052
|
|
|
| Foreign currency-denominated project debt |
The equivalent in U.S. dollars of the foreign currency-denominated project debts held by the Company is as follows:
| |
|
Balance as of December 31,
|
|
|
Currency
|
|
2023
|
|
|
2022
|
|
|
Euro
|
|
|
1,571,369
|
|
|
|
1,633,790
|
|
|
South African Rand
|
|
|
233,854
|
|
|
|
277,492
|
|
|
Algerian Dinar
|
|
|
76,277
|
|
|
|
86,739
|
|
|
Total
|
|
|
1,881,500
|
|
|
|
1,998,021
|
|
|